發(fā)布時(shí)間：2018-03-20 05:29

  本文選題：西部地區(qū)　切入點(diǎn)：煤炭企業(yè)　出處：《內(nèi)蒙古財(cái)經(jīng)大學(xué)》2016年碩士論文　論文類型：學(xué)位論文

【摘要】：一直以來,煤炭都充當(dāng)著我國最重要的基礎(chǔ)化石能源,在我國高速的經(jīng)濟(jì)發(fā)展中具有不可替代的地位�，F(xiàn)今我國煤炭行業(yè)進(jìn)入了低谷,但是煤炭資源在我國相對(duì)于石油、天然氣來說儲(chǔ)量豐富,煤炭產(chǎn)業(yè)在國民經(jīng)濟(jì)產(chǎn)業(yè)中占有戰(zhàn)略性地位。宏觀經(jīng)濟(jì)政策對(duì)煤炭產(chǎn)業(yè)的影響巨大,這時(shí)合理的資本結(jié)構(gòu)成為煤炭產(chǎn)業(yè)可持續(xù)發(fā)展的基礎(chǔ),同時(shí)公司績效反映煤炭產(chǎn)業(yè)合并重組的效果。而我國大部分煤炭資源集中在西部地區(qū),此時(shí)研究西部地區(qū)的煤炭上市公司資本結(jié)構(gòu)與公司績效關(guān)系有現(xiàn)實(shí)意義。文章首先論述資本結(jié)構(gòu)與公司績效理論,描述分析了我國西部地區(qū)煤炭上市公司資本結(jié)構(gòu)現(xiàn)狀。其次研究公司資本結(jié)構(gòu)與公司績效的關(guān)系,了解公司資本結(jié)構(gòu)是如何影響公司績效的,為進(jìn)一步研究最優(yōu)資本結(jié)構(gòu)指出方向。西部煤炭行業(yè)上市公司最優(yōu)的資本結(jié)構(gòu)比例是怎樣的,煤炭上市公司的資本結(jié)構(gòu)受哪些因素影響,煤炭公司的資本結(jié)構(gòu)與公司效益關(guān)系有多大,以上都是西部煤炭行業(yè)上市公司資本結(jié)構(gòu)需要實(shí)證研究的方向。本文選取西部地區(qū)煤炭企業(yè)中上市的公司為研究對(duì)象,選取西部地區(qū)煤炭上市公司2004年至2014年資本結(jié)構(gòu)的有關(guān)數(shù)據(jù),運(yùn)用SPSS17.0以及Eviews7.1統(tǒng)計(jì)軟件對(duì)數(shù)據(jù)進(jìn)行分析處理。結(jié)論如下:西部地區(qū)煤炭上市公司股權(quán)高度集中,長、短期負(fù)債結(jié)構(gòu)不合理,短期負(fù)債偏高,同時(shí)公司大小、企業(yè)償債能力對(duì)資本結(jié)構(gòu)方面影響較大,但是企業(yè)成長性對(duì)資本結(jié)構(gòu)方面的影響并不顯著,資本結(jié)構(gòu)與公司效益呈現(xiàn)負(fù)相關(guān)關(guān)系。以此提出西部地區(qū)煤炭上市公司應(yīng)該優(yōu)化股權(quán)和長、短期負(fù)債比例的關(guān)系,以及總負(fù)債占總資產(chǎn)的比例,同時(shí)增加企業(yè)自身實(shí)力,以此提高效益。
[Abstract]:Coal has always been the most important basic fossil energy in our country and has an irreplaceable position in the rapid economic development of our country. Nowadays, the coal industry in our country has entered a low point, but the coal resources in our country are relative to oil. Natural gas is rich in reserves, and the coal industry occupies a strategic position in the national economy. Macroeconomic policies have a huge impact on the coal industry, and a reasonable capital structure becomes the basis for the sustainable development of the coal industry. At the same time, the company's performance reflects the effect of the merger and reorganization of the coal industry. However, most of China's coal resources are concentrated in the western region. At this time, it is of practical significance to study the relationship between capital structure and corporate performance of coal listed companies in the western region. The present situation of capital structure of coal listed companies in western China is described and analyzed. Secondly, the relationship between corporate capital structure and corporate performance is studied to understand how corporate capital structure affects corporate performance. In order to further study the optimal capital structure, the paper points out the direction. What is the optimal capital structure ratio of the listed companies in the western coal industry, and what factors affect the capital structure of the coal listed companies? What is the relationship between the capital structure of coal companies and the efficiency of the companies? all these are the directions of the empirical research on the capital structure of the listed companies in the western coal industry. This paper selects the listed companies in the coal enterprises in the western region as the research objects. The data of capital structure of coal listed companies in western China from 2004 to 2014 are selected, and the data are analyzed and processed by SPSS17.0 and Eviews7.1. The conclusions are as follows: the stock rights of coal listed companies in the western region are highly concentrated and long. The short term debt structure is unreasonable, the short term debt is on the high side, at the same time, the size of the company and the solvency of the enterprise have a great influence on the capital structure, but the influence of the enterprise growth on the capital structure is not significant. The capital structure has a negative correlation with the company benefit, which suggests that the listed coal companies in the western region should optimize the relationship between equity and the proportion of long-term and short-term liabilities, as well as the proportion of total liabilities to total assets, and at the same time increase the strength of the enterprises themselves. In order to improve efficiency.
【學(xué)位授予單位】：內(nèi)蒙古財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2016
【分類號(hào)】：F426.21;F271

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本文編號(hào)：1637739